The company petition/application was filed under CP(IB) No.582/9/HDB/2018. The petitioner/operational creditor was absent during the hearing. The respondent's counsel stated that the parties had settled the matter and made an agreement. However, a joint memo stating the settlement was not filed, despite the Adjudicating Authority's direction to the petitioner to file such a memo with signatures from both sides. The Adjudicating Authority inferred that the petitioners were not interested in proceeding with the matter or filing the joint memo of settlement. This failure to comply with the direction led to the dismissal of the petition.

The company petition/application was filed under CP(IB) No.582/9/HDB/2018. The petitioner/operational creditor was absent during the hearing. The respondent's counsel stated that the parties had settled the matter and made an agreement. However, a joint memo stating the settlement was not filed, despite the Adjudicating Authority's direction to the petitioner to file such a memo with signatures from both sides. The Adjudicating Authority inferred that the petitioners were not interested in proceeding with the matter or filing the joint memo of settlement. This failure to comply with the direction led to the dismissal of the petition.